In Which Type(s)of Agency Is the Principal-Agent Relationship Inferred from the Conduct

question 33

Multiple Choice

In which type(s) of agency is the principal-agent relationship inferred from the conduct of the parties?

• A)Expressed agency
• B)Agency by estoppel
• C)Implied agency
• D)Agency by estoppel and implied agency,but not expressed agency
• E)Expressed agency,agency by estoppel,and implied agency

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Definitions:

Power

The capacity or ability to direct or influence the behavior of others or the course of events.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Hersey-Blanchard

This refers to the Situational Leadership Model developed by Paul Hersey and Kenneth Blanchard, which suggests that successful leadership is achieved by selecting the right leadership style, which is contingent on the level of the followers' maturity.

Participating

In a management context, the act of involving individuals or groups in the decision-making process to ensure a wide range of viewpoints and contributions.